by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Interested in understanding the financial aid resources available at Graceland Lamoni and your eligibility? Find the answers you seek below.
Graceland University - Lamoni average financial aid offer for freshmen students is $25,526.00. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Graceland University - Lamoni.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of incoming freshmen (193 total) were given scholarships at Graceland University - Lamoni, averaging $21,168.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 50% of freshman students (96 total) obtained federal grant aid, averaging $5,634.00 a piece.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 22.28% | $27,606.00 |
| Income 30k-48k | 12.44% | $27,554.00 |
| Income 48k-75k | 17.10% | $25,154.00 |
| Income 75k-110k | 21.24% | $24,110.00 |
| Income 110k + | 15.54% | $24,111.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 193 undergraduate students at Graceland University - Lamoni around 100% (193 total) receive some form of grant aid. The typical amount awarded was $25,526.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.